PG Electroplast Q3 FY26 Profit Surges 50.3% to ₹60.31 Crore on 45.9% Revenue Growth
PG Electroplast Ltd. reported a 50.3% YoY increase in net profit to ₹60.31 crore for Q3 FY26, with revenues growing 45.9% to ₹1,412.13 crore. For the nine months ended Dec 31, 2025, net profit was ₹129.40 crore. The company projects FY26 consolidated revenues of ₹5,700-5,800 crore and a net profit of ₹300-310 crore. FY26 Capex is planned at ₹700-750 crore.
The announcement includes significant year-on-year growth in quarterly revenue and profit, detailed financial performance for both quarterly and nine-month periods, and specific financial guidance for the upcoming fiscal year, including revenue, profit, and capex. This provides substantial material information for investors.
The company reported strong year-on-year growth in revenue and net profit for the quarter, exceeding expectations and demonstrating robust performance in key business segments. The positive outlook and specific financial guidance further strengthen the positive sentiment.
PG Electroplast Ltd. (PGEL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025, reporting significant year-on-year growth.
For the quarter ended December 31, 2025 (3QFY2026), PGEL's operating revenues reached ₹1,412.13 crores, marking a substantial 45.9% increase compared to the same period in the previous fiscal year. The company's EBITDA for the quarter stood at ₹126.11 crores, a 36.5% rise from ₹92.37 crores in 3QFY2025. Net profit for the quarter surged by 50.3% to ₹60.31 crores, up from ₹40.14 crores in 3QFY2025.
During the nine-month period ended December 31, 2026 (9MFY2026), Net Sales were ₹3,571.35 crores, reflecting a 20.7% YoY growth. EBITDA for the nine months was ₹310.21 crores, an increase of 7.9% from ₹287.44 crores in 9MFY2025. However, Net Profits for the nine-month period were ₹129.40 crores, a decrease from ₹144.53 crores in 9MFY2025.
The company's subsidiary, PG Technoplast, contributed ₹1,067 crores in revenue during 3QFY2026. The Product business, which includes Room Air Conditioners (RACs) and washing machines, significantly boosted consolidated revenues to ₹1,412 crores, with product sales amounting to ₹1,140 crores. The Product business grew by 72.4% YoY for the quarter, contributing 80.7% of total revenues. The Electronics business contributed 4.2% of total revenues. The Sales of TV business in Goodworth in 9MFY2026 stood at ₹669.9 crores, a growth of 53.5%.
Mr. Anurag Gupta, Chairman, commented on the performance, highlighting the robust growth in the Product business despite challenging market conditions. He emphasized the company's strategic investments in new capabilities and its strong financial position with a resilient, largely debt-free balance sheet. The company aims for industry-leading growth, margin improvement, and best-in-class capital efficiency.
PGEL has provided specific guidance for FY2026, expecting consolidated revenues between ₹5,700–5,800 crores (17% to 19% growth over FY25) and Net Profit guidance of ₹300–310 crores (3%–7% growth over FY25). Goodworth Electronics Revenue Guidance is set at ₹850 crores. The Product business is expected to grow 17%–21%, reaching ₹4,140–4,280 crores. Capital expenditure for FY26 is projected to be between ₹700–750 crores to fund new projects, including facilities in Rajasthan, Greater Noida, South India, and Supa.
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